ChipMOS TECHNOLOGIES INC. (NASDAQ:IMOS - Get Free Report) saw strong trading volume on Tuesday . 25,255 shares traded hands during trading, an increase of 28% from the previous session's volume of 19,802 shares.The stock last traded at $16.95 and had previously closed at $16.84.
Analyst Ratings Changes
Separately, StockNews.com lowered ChipMOS TECHNOLOGIES from a "buy" rating to a "hold" rating in a research note on Tuesday, January 21st.
View Our Latest Report on IMOS
ChipMOS TECHNOLOGIES Price Performance
The stock has a fifty day moving average of $18.90 and a 200 day moving average of $20.00. The stock has a market cap of $553.43 million, a price-to-earnings ratio of 10.64 and a beta of 0.94. The company has a debt-to-equity ratio of 0.49, a current ratio of 3.07 and a quick ratio of 2.72.
ChipMOS TECHNOLOGIES (NASDAQ:IMOS - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The semiconductor company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.40 by ($0.21). ChipMOS TECHNOLOGIES had a net margin of 7.25% and a return on equity of 6.66%. The business had revenue of $164.70 million for the quarter, compared to analyst estimates of $175.60 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. The business's revenue was down 5.7% on a year-over-year basis.
ChipMOS TECHNOLOGIES declared that its board has authorized a share buyback plan on Tuesday, January 21st that authorizes the company to buyback $0.00 in shares. This buyback authorization authorizes the semiconductor company to buy shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company's board believes its stock is undervalued.
Institutional Trading of ChipMOS TECHNOLOGIES
Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in ChipMOS TECHNOLOGIES by 8.6% in the fourth quarter. Bank of America Corp DE now owns 8,613 shares of the semiconductor company's stock valued at $162,000 after acquiring an additional 679 shares during the period. Lindbrook Capital LLC increased its holdings in shares of ChipMOS TECHNOLOGIES by 34.8% during the 4th quarter. Lindbrook Capital LLC now owns 3,201 shares of the semiconductor company's stock valued at $60,000 after purchasing an additional 826 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of ChipMOS TECHNOLOGIES by 5.3% in the 4th quarter. Rhumbline Advisers now owns 33,139 shares of the semiconductor company's stock valued at $624,000 after purchasing an additional 1,680 shares during the period. Ballentine Partners LLC boosted its holdings in ChipMOS TECHNOLOGIES by 11.6% during the fourth quarter. Ballentine Partners LLC now owns 17,348 shares of the semiconductor company's stock worth $327,000 after buying an additional 1,801 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in ChipMOS TECHNOLOGIES by 761.4% during the fourth quarter. JPMorgan Chase & Co. now owns 4,083 shares of the semiconductor company's stock valued at $77,000 after buying an additional 3,609 shares during the period. Hedge funds and other institutional investors own 7.39% of the company's stock.
ChipMOS TECHNOLOGIES Company Profile
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Get Free Report)
ChipMOS TECHNOLOGIES INC. engages in the research, development, manufacture, and sale of high-integration and high-precision integrated circuits, and related assembly and testing services in the People's Republic of China, Taiwan, Japan, Singapore, and internationally. It operates through Testing; Assembly; Testing and Assembly for LCD, OLED and Other Display Panel Driver Semiconductors; Bumping; and Others segments.
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